NationMaster - Encyclopedia: New Israeli Sheqel

The New Israeli sheqel (abbr. NIS; symbol: ₪; also spelled shekel; pl. sheqalim or shekalim) is the currency of Israel. The ISO 4217 code for the NIS is ILS. The NIS is divided into 100 agorot (sing. agora). ILS1 coin (1994–5), from World Coin Gallery File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). ... The New Israeli Agora ( אגורה; plural Agoroth or Agorot) is a denomination of the currency of Israel. ...

In Hebrew, the NIS is called "שקל חדש" (Sheqel Khadash), and is usually abbreviated ש"ח (pronounced shakh). The symbol for the NIS is ₪, a combination of the first Hebrew letters of the words sheqel (ש) and khadash (ח). Hebrew is a Semitic language of the Afro-Asiatic language family spoken by 6 million people mainly in Israel, parts of the Palestinian territories, the United States and by Jewish communities around the world. ...

The NIS, issued by the Bank of Israel, was introduced on September 4, 1985. It replaced the "old" sheqel, at a rate of one new sheqel per 1000 "old" sheqel. The "old" Sheqel replaced the Israeli pound (Lira) on February 24, 1980, at a rate of one sheqel per 10 pounds. The Bank of Israel is the central bank of Israel. ... September 4 is the 247th day of the year (248th in leap years). ... 1985 is a common year starting on Tuesday of the Gregorian calendar. ... 1 lira coin (1971â€“9) from World Coin Gallery. ... February 24 is the 55th day of the year in the Gregorian Calendar. ... 1980 is a leap year starting on Tuesday. ...

Banknotes exist of 20, 50, 100, and 200 NIS. Originally there were also banknotes of 1, 5, and 10 NIS. These were replaced by coins in subsequent years. A plan to issue a 500 NIS banknote, carrying the portrait of Yitzhak Rabin, has been announced shortly after Rabin's assassination in 1995. However, due to low inflation rates, there is currently no need for such a banknote, and it is not expected to be issued in the foreseeable future. A £20 Ulster Bank banknote. ... Yitzhak Rabin Yitzhak Rabin (or Yitschak Rabin) (×™×¦×—×§ ×¨×‘×™×Ÿ in Hebrew), (March 1, 1922 â€“ November 4, 1995) was an Israeli politician and general. ... 1995 was a common year starting on Sunday of the Gregorian calendar. ...

Coins exist of 5, 10, and 50 agorot, and 1, 5, and 10 NIS. A 1 agora coin was issued in 1985, but was later abolished. In late 2004, the Bank of Israel announced a plan to issue a 2 NIS coin. As of 2005, such a coin is not yet in circulation. 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ...

On August 18, 2005, the NIS exchange rate stood at 5.45907 NIS per one euro and at 4.48142 NIS per one US Dollar. Since January 1, 2003, the NIS has been a freely convertible currency. August 18 is the 230th day of the year (231st in leap years) in the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ... The euro (â‚¬; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. ... The United States dollar, or American dollar, is the official currency of the United States. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... 2003 is a common year starting on Wednesday of the Gregorian calendar. ...

Origin of the name

The name "sheqel" derives from the name of an ancient unit of weight, corresponding to a little bit less than half an ounce (American) or between 11 and 12 grams. Amounts of gold or silver were expressed in shekels, and served as currency. The Hebrew word for weight is Mishqal. The ounce is the name for a number of different units of mass (oz), and also of two units of fluid volume (fl oz) and of one unit of force, the ounce-force (ozf). ... The gram or gramme, symbol g, is a unit of mass, and is defined in the SI system of units as one one-thousandth of a kilogram (i. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ...

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Origin of the name